Sounds like a lot of money—and it its–but it's a whopping $13,000,000 less than the $50,000,000 he originally wanted for the 9 bedroom and 13 bathroom compound when it first popped up on the open market in May (2012) with a throat-clenching fifty million dollar price tag.

So who's the buyer? Well, a little tattle-tale with whom we're acquainted—let's call her Deborah Deepthroat—told us the soon-to-be new owner of the Semel's 10,000-plus square foot Carbon Beach compound is none other than prolific trophy property collecting gajillionaire Larry Ellison who already owns a couple hundred million dollars of residential real estate in Malibu, much of it along Carbon Beach.

Missus Deepthroat also told us Mister Ellison peeped the property before it went on the open market but didn't make his well-timed move until last week when, so it seems, Mister and Missus Semel were willing to listen to substantially lower than asking offers.

All just rumor and gossip, kids, just some high-end Malee-boo real estate rumor and gossip.

5 comments:

Petra's
said...

This makes sense. Larry Ellison just bought the house directly next door (formerly owned by Nancy Riordan Daly, God rest her soul) a year or two ago. He's looking to expand his compound. Weirdly, he also paid the exact same price for that place, $37 million.

This makes perfect sense for ellison, but it's not good for a community to have a few people own large percentages of the land. Bill gates bought 80% of the homes near his home in WA and they are zombie houses. Whatever, don't affect me any!